How much together will they both be able to donate after

Reference no: EM133377689

Question: Malika and Jade are both planning to invest for 10 years to donate money to a local charity. Malika chooses to invest $1550 into an account with an interest rate of 8.4%/a compounded monthly. Jade chooses to invest $20 every month into an account with a 10.1%/a compounded monthly. How much together will they both be able to donate after 10 years?

Reference no: EM133377689

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